Wales Attracts Record Investment for Innovation Projects

Wales has attracted over £50m from Innovate UK in the current financial year – a record figure - bringing the total committed to over £100m during the Welsh Labour Government’s current term of office.

The figures were announced by Welsh Labour’s Economy Minister Edwina Hart who said the Science for Wales and Innovation Wales strategies and the subsequent creation of the Innovation Council for Wales, had all contributed to help achieve this success.

The substantial investment in a number of key strategic projects will have a significant long term impact on the economy. They include the UK’s Compound Semiconductor Catapult (£50m), public sector procurement projects known as SBRI Catalysts (£2.5m), North Wales Photonics Launchpad (-£0.5m) and the Precision Medicine Catapult node in Cardiff.